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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (11155)4/2/2004 9:59:37 AM
From: SOROS  Read Replies (1) of 110194
 
Only in America can you screw all the people you borrowed money from (which then screws all the people who do pay their bills), put on a happy face, and then have the upper management reap huge rewards again (or on a personal level, go out and finance a new car after screwing everyone you used your easy credit cards on). Here is one poster child for this great new economy -- all bright and shiny with their new stratospheric PE ratio (on WS, PE now means phoooooeeeeeee, we don't believe in one):

finance.yahoo.com
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